Ritestone Property Co. Limited

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ritestone property co. limited Company Information

Live

MatureMicroDeclining

Company Number

02024170

Website

Registered Address

atlantic house 8 bell lane, uckfield, east sussex, TN22 1QL

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

John Coleman31 Years

Christopher Coleman13 Years

View All

Shareholders

laura jane zajicek coleman 50%

joanna marie zajicek gilar 50%

ritestone property co. limited Estimated Valuation

£931.8k

Pomanda estimates the enterprise value of RITESTONE PROPERTY CO. LIMITED at £931.8k based on a Turnover of £318.5k and 2.93x industry multiple (adjusted for size and gross margin).

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Ritestone Property Co. Limited is a live company located in east sussex, TN22 1QL with a Companies House number of 02024170. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 1986, it's largest shareholder is laura jane zajicek coleman with a 50% stake. Ritestone Property Co. Limited is a mature, micro sized company, Pomanda has estimated its turnover at £318.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Ritestone Property Co. Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £318.5k, make it smaller than the average company (£802.9k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (1.9%)

EXPORT

Ritestone Property Co. Limited's latest turnover from March 2023 is estimated at £318.5 thousand and the company has net assets of £353.1 thousand. According to their latest financial statements, Ritestone Property Co. Limited has 4 employees and maintains cash reserves of £8.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	318,516	269,454	220,768	347,656	199,116	195,204	193,437	48,564	402,296	14,901	14,854	1,226,312	1,193,899	1,578
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	82,147	68,332	54,593	89,046	51,954	48,817	48,562	13,596	133,086	4,739	4,476	372,436	381,427	483
Gross Profit	236,369	201,122	166,175	258,610	147,161	146,388	144,875	34,969	269,210	10,161	10,378	853,876	812,471	1,095
Admin Expenses	241,473	197,616	194,359	260,764	148,802	153,818	126,337	68,802	316,607	103,792	-25,302	820,838	513,322	-18,811
Operating Profit	-5,104	3,506	-28,184	-2,154	-1,641	-7,430	18,538	-33,833	-47,397	-93,631	35,680	33,038	299,149	19,906
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	19,744	19,744
Interest Receivable	469	89	7	4	41	38	20	32	198	599	467	89	39	0
Pre-Tax Profit	-4,635	3,595	-28,177	-2,150	-1,600	-7,392	18,558	-33,801	-47,199	-93,032	36,147	33,127	279,444	163
Tax	0	-683	0	0	0	0	-3,711	0	0	0	-8,675	-8,613	-78,244	-45
Profit After Tax	-4,635	2,912	-28,177	-2,150	-1,600	-7,392	14,846	-33,801	-47,199	-93,032	27,472	24,514	201,200	117
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-4,635	2,912	-28,177	-2,150	-1,600	-7,392	14,846	-33,801	-47,199	-93,032	27,472	24,514	201,200	117
Employee Costs	121,830	115,905	107,446	109,704	27,198	25,993	25,571	26,212	78,074	24,811	23,932	215,242	209,589	24,399
Number Of Employees	4	4	4	4	1	1	1	1	3	1	1	9	9	1
EBITDA*	-5,104	3,506	-28,184	-2,154	-1,641	-7,430	18,538	-33,833	-47,397	-93,631	35,680	33,038	299,149	19,906

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	0	0	0	377,500	377,500	377,500	377,500	377,500	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	352,500	352,500	352,500	402,500	402,502	402,502	377,502	377,500	0	0	0	0	0	907,500
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	352,500	352,500	352,500	402,500	402,502	402,502	377,502	377,500	377,500	377,500	377,500	377,500	377,500	907,500
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	9,165	9,171	4,592	19,059	18,672	18,609	22,238	864	39,449	722	722	135,802	128,717	119
Group Debtors	0	0	0	0	11	11	11	0	0	0	0	0	0	0
Misc Debtors	3,030	349	1,539	3,139	4,061	3,805	8,564	5,000	0	19,227	19,227	0	0	0
Cash	8,744	13,332	10,505	2,594	5,552	5,272	9,758	6,159	6,534	72,636	166,922	19,860	15,704	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	20,939	22,852	16,636	24,792	28,296	27,697	40,571	12,023	45,983	92,585	186,871	155,662	144,421	119
total assets	373,439	375,352	369,136	427,292	430,798	430,199	418,073	389,523	423,483	470,085	564,371	533,162	521,921	907,619
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	3,564	3,469	10,409	9,812	11,066	7,329	20,602	0
Group/Directors Accounts	0	0	0	0	0	0	0	2	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	20,362	17,640	14,336	19,315	20,671	18,472	20,390	6,779	0	0	0	0	0	0
total current liabilities	20,362	17,640	14,336	19,315	20,671	18,472	23,954	10,250	10,409	9,812	11,066	7,329	20,602	0
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	607,500
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	607,500
total liabilities	20,362	17,640	14,336	19,315	20,671	18,472	23,954	10,250	10,409	9,812	11,066	7,329	20,602	607,500
net assets	353,077	357,712	354,800	407,977	410,127	411,727	394,119	379,273	413,074	460,273	553,305	525,833	501,319	300,119
total shareholders funds	353,077	357,712	354,800	407,977	410,127	411,727	394,119	379,273	413,074	460,273	553,305	525,833	501,319	300,119

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-5,104	3,506	-28,184	-2,154	-1,641	-7,430	18,538	-33,833	-47,397	-93,631	35,680	33,038	299,149	19,906
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-683	0	0	0	0	-3,711	0	0	0	-8,675	-8,613	-78,244	-45
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	2,675	3,389	-16,067	-546	319	-8,388	24,949	-33,585	19,500	0	-115,853	7,085	128,598	119
Creditors	0	0	0	0	0	-3,564	95	-6,940	597	-1,254	3,737	-13,273	20,602	0
Accruals and Deferred Income	2,722	3,304	-4,979	-1,356	2,199	-1,918	13,611	6,779	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-5,057	2,738	-17,096	-2,964	239	-4,524	3,584	-409	-66,300	-94,885	146,595	4,067	112,909	19,742
Investing Activities
capital expenditure	0	0	0	0	0	0	0	377,500	0	0	0	0	-377,500	0
Change in Investments	0	0	-50,000	-2	0	25,000	2	377,500	0	0	0	0	-907,500	907,500
cash flow from investments	0	0	50,000	2	0	-25,000	-2	0	0	0	0	0	530,000	-907,500
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-2	2	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	-607,500	607,500
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	-25,000	0	0	25,000	0	0	0	0	0	0	0	300,002
interest	469	89	7	4	41	38	20	32	198	599	467	89	-19,705	-19,744
cash flow from financing	469	89	-24,993	4	41	25,038	18	34	198	599	467	89	-627,205	887,758
cash and cash equivalents
cash	-4,588	2,827	7,911	-2,958	280	-4,486	3,599	-375	-66,102	-94,286	147,062	4,156	15,704	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-4,588	2,827	7,911	-2,958	280	-4,486	3,599	-375	-66,102	-94,286	147,062	4,156	15,704	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RITESTONE PROPERTY CO. LIMITED group structure

Ritestone Property Co. Limited has 1 subsidiary company.

Ultimate parent company

RITESTONE PROPERTY CO. LIMITED

02024170

1 subsidiary

PLANTPARK LIMITED

00692173

RITESTONE PROPERTY CO. LIMITED Shareholders

laura jane zajicek coleman	50%
joanna marie zajicek gilar	50%

Ritestone Property Co. Limited currently has 4 directors. The longest serving directors include Mr John Coleman (Nov 1992) and Mr Christopher Coleman (Oct 2010).

officer	country	age	start	end	role
Mr John Coleman	England	84 years	Nov 1992	-	Director
Mr Christopher Coleman		56 years	Oct 2010	-	Director
Ms Laura Coleman	England	41 years	Nov 2019	-	Director
Dr Joanna Gilar	England	43 years	Nov 2019	-	Director

P&L

March 2023

turnover

318.5k

+18%

operating profit

-5.1k

gross margin

74.3%

-0.58%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

353.1k

-0.01%

total assets

373.4k

-0.01%

cash

8.7k

-0.34%

net assets

Total assets minus all liabilities

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company number

02024170

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

May 1986

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

plantpark limited (March 2011)

incorporated

address

atlantic house 8 bell lane, uckfield, east sussex, TN22 1QL

last accounts submitted

March 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We did not find charges/mortgages relating to ritestone property co. limited.

ritestone property co. limited Company Information

ritestone property co. limited Estimated Valuation

ritestone property co. limited Estimated Valuation

ritestone property co. limited Estimated Valuation

Ritestone Property Co. Limited Overview

Ritestone Property Co. Limited Health Check

RITESTONE PROPERTY CO. LIMITED financials

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ritestone property co. limited Ownership

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